Colo. Rev. Stat. § 10-11-125

Current through Acts effective through 6/5/2024 of the 2024 Legislative Session
Section 10-11-125 - Fees, salaries, compensation, or other payments
(1) Nothing in section 10-11-124 or 10-11-126 shall be construed to prohibit payment of a fee to:
(a) An attorney for services actually rendered;
(b) A title insurance company to its duly appointed agent for services actually performed in the issuance of a policy of title insurance; or
(c) A lender to its duly appointed agent for services actually performed in the making of a loan.
(2) Nothing in section 10-11-124 or 10-11-126 shall be construed to prohibit payment to any person of:
(a) A bona fide salary or compensation or other payment for goods or facilities actually furnished or for services actually performed; or
(b) A fee pursuant to cooperative brokerage and referral arrangements or agreements between real estate brokers.
(3) It shall not be a violation of section 10-11-124:
(a) For an affiliated business arrangement to require a buyer, borrower, or seller to pay for the services of any attorney, credit reporting agency, or real estate appraiser chosen by the lender to represent the lender's interest in a real estate transaction; or
(b) For an affiliated business arrangement where an attorney or law firm represents a client in a real estate transaction and issues or arranges for the issuance of a policy of title insurance in the transaction directly as agent or through a separate corporate title insurance agency that may be established by that attorney or law firm and operated as an adjunct to his or her law practice.

C.R.S. § 10-11-125

L. 2006: Entire section added, p. 267, § 2, effective July 1.